January’s top gainers are led by Pendle, Sui, Ronin, Manta and Celestia, and analysts say these ICOs should be watched for explosive returns in the future.

adminFebruary 1, 2024

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January’s top gainers had to navigate a turbulent cryptocurrency market.

The month began with a furious bull run for the first 10-day spot Bitcoin ETF (Exchange Traded Fund) approval this year, triggering a sharp sell-off that was followed by a strong rebound last week.

According to the S&P Cryptocurrency Broad Digital Market Index, the overall cryptocurrency market rose only 1.5% in January, but there were still some notable performers.

January’s top riser

Here are the top 5 cryptocurrencies among the top 100 by market capitalization as measured around noon EST by CoinMarketCap.

PENDLE ~ led It surged more than 126% to $2.72, reflecting traders’ growing confidence in DeFi’s return-optimizing potential. We secured a one-month partnership with Ondo Finance, a Coinbase protocol.

It was not far away Sui (SUI), soared about 99% to reach $1.60. Sui’s pump can be attributed, at least in part, to the launch of Banxa’s fiat-SUI ramp.

Fiat entryway for Sui is launched. @BanxaOfficial!
Banxa adds SUI tokens to its platform @Mysten_LabsSui Wallet offers users the opportunity to purchase SUI tokens through Banxa’s onramp. https://t.co/1jIOMYjK7r
— Sui (@SuiNetwork) January 29, 2024

3rd place is Ronin (RON), an ecosystem token that supports the Ronin blockchain. It is geared specifically towards decentralized applications in the gaming sector and is up 54% to $2.83. Ronin has become the token of choice for investors seeking exposure to the rapidly growing blockchain gaming industry.

The next best actor is middleANTA Network (MANTA), up about 39% to $3.15. that Total value locked (TVL) has soared this month, with TVL accumulating $50 million in the last 15 days.

Completing the top five are: Celestia (TIA), Going above and beyond 37% to $17.12.

snap | Source: CoinMarketCap

future top riser

That’s the past. But what about the future? Many cryptocurrency analysts point out that pre-sales have the best potential to generate exponential profits. Predicting the direction of cryptocurrencies is notoriously difficult, but the following four ICOs have been named by some analysts as some of the tokens most likely to deliver huge gains in the coming months.

As Bitcoin finds its feet again after a steep decline and the April halving approaches, analysts are talking about cloud mining projects. Bitcoin Minetrix This could be a great way to play on the incoming Bitcoin bull market. The project aims to make cloud mining more accessible by reducing barriers to entry and startup costs.

Start your exciting journey into cloud mining. #BTCMTX! 🚀
Users collect staking credits and monitor mining power.#Ethereum The network’s smart contracts ensure smooth and decentralized deployment, ensuring a safe and reliable mining experience. 🔗💻 pic.twitter.com/l1NXxe2XRz
— Bitcoin Minetrix (@bitcoinminetrix) January 30, 2024

Those who aren’t too fainthearted to consider investing in meme coins can’t look further than this: Sponge V2, an upgraded version of Sponge ($SPONGE). Analysts point out that it has risen 636% over the past year and has exploded 100-fold since its listing last year. As if that wasn’t enough, Sponge received a high-profile endorsement from Tron founder Justin Sun, who holds approximately $90,000 worth of Sponge.

Another meme coin that is attracting the attention of analysts is: combat memesis a gaming platform where players from the MK community can compete in an arena represented by their chosen meme persona.

Lastly, we have a very unusual pre-sale. Ituktuk It appears to have 10x growth potential.. The company’s main goal is to introduce electric three-wheeled tuk-tuks and charging stations in regions including South Asia and Africa.

Launched in Sri Lanka, funds raised through pre-sales have already soared to over $700,000.